XML 81 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Pension and Other Retiree Benefits (Pension Benefit Obligation and Funded Status) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Change in plan assets      
Employer contributions $ 20.9    
Amounts recognized in the Consolidated Balance Sheets consist of:      
Pension and post-retirement benefit obligations 257.2 $ 275.5  
Pension | U.S.      
Change in projected benefit obligation (PBO)      
Projected benefit obligation at beginning of year 206.5 200.1  
Service cost 1.6 1.4 $ 1.3
Interest cost 6.7 7.1 7.3
Actuarial (gain) loss (15.6) 14.7  
Participants’ contributions 0.0 0.0  
Benefits paid (10.9) (16.8)  
Curtailment gain 0.0 0.0  
Settlement gain 0.0 0.0  
Plan amendments 0.0 0.0  
Foreign exchange rate changes 0.0 0.0  
Esselte Acquisition 0.0 0.0  
Other items 0.0 0.0  
Projected benefit obligation at end of year 188.3 206.5 200.1
Change in plan assets      
Fair value of plan assets at beginning of year 162.1 150.5  
Actual return on plan assets (15.8) 21.1  
Employer contributions 5.7 7.3  
Participants’ contributions 0.0 0.0  
Benefits paid (10.9) (16.8)  
Settlement gain 0.0 0.0  
Foreign exchange rate changes 0.0 0.0  
Esselte Acquisition 0.0 0.0  
Other items 0.0 0.0  
Fair value of plan assets at end of year 141.1 162.1 150.5
Funded status (Fair value of plan assets less PBO) (47.2) (44.4)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current assets 0.0 0.0  
Other current liabilities 0.0 0.0  
Pension and post-retirement benefit obligations [1] 47.2 44.4  
Components of accumulated other comprehensive income, net of tax:      
Unrecognized actuarial loss (gain) 64.7 56.9  
Unrecognized prior service cost (credit) 1.5 1.7  
Pension | International      
Change in projected benefit obligation (PBO)      
Projected benefit obligation at beginning of year 695.0 345.1  
Service cost 1.9 1.9 0.8
Interest cost 12.9 13.4 10.3
Actuarial (gain) loss (26.6) 13.2  
Participants’ contributions 0.1 0.1  
Benefits paid (26.9) (26.5)  
Curtailment gain (0.9) 0.0  
Settlement gain (2.0) 0.0  
Plan amendments 6.8 0.0  
Foreign exchange rate changes (35.3) 59.8  
Esselte Acquisition 0.0 288.0  
Other items 2.3 0.0  
Projected benefit obligation at end of year 627.3 695.0 345.1
Change in plan assets      
Fair value of plan assets at beginning of year 463.8 302.7  
Actual return on plan assets (10.0) 21.3  
Employer contributions 14.9 14.0  
Participants’ contributions 0.1 0.1  
Benefits paid (26.9) (26.5)  
Settlement gain (2.0) 0.0  
Foreign exchange rate changes (24.6) 38.2  
Esselte Acquisition 0.0 114.0  
Other items 2.3 0.0  
Fair value of plan assets at end of year 417.6 463.8 302.7
Funded status (Fair value of plan assets less PBO) (209.7) (231.2)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current assets 1.4 0.6  
Other current liabilities 6.7 6.9  
Pension and post-retirement benefit obligations [1] 204.4 224.9  
Components of accumulated other comprehensive income, net of tax:      
Unrecognized actuarial loss (gain) 97.1 100.5  
Unrecognized prior service cost (credit) 5.0 (0.2)  
Post-retirement      
Change in projected benefit obligation (PBO)      
Projected benefit obligation at beginning of year 6.8 6.7  
Service cost 0.1 0.0 0.1
Interest cost 0.2 0.2 0.2
Actuarial (gain) loss (0.3) 0.0  
Participants’ contributions 0.1 0.1  
Benefits paid (0.4) (0.5)  
Curtailment gain 0.0 0.0  
Settlement gain 0.0 0.0  
Plan amendments 0.0 0.0  
Foreign exchange rate changes (0.3) 0.3  
Esselte Acquisition 0.0 0.0  
Other items 0.0 0.0  
Projected benefit obligation at end of year 6.2 6.8 6.7
Change in plan assets      
Fair value of plan assets at beginning of year 0.0 0.0  
Actual return on plan assets 0.0 0.0  
Employer contributions 0.3 0.4  
Participants’ contributions 0.1 0.1  
Benefits paid (0.4) (0.5)  
Settlement gain 0.0 0.0  
Foreign exchange rate changes 0.0 0.0  
Esselte Acquisition 0.0 0.0  
Other items 0.0 0.0  
Fair value of plan assets at end of year 0.0 0.0 $ 0.0
Funded status (Fair value of plan assets less PBO) (6.2) (6.8)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current assets 0.0 0.0  
Other current liabilities 0.6 0.6  
Pension and post-retirement benefit obligations [1] 5.6 6.2  
Components of accumulated other comprehensive income, net of tax:      
Unrecognized actuarial loss (gain) (3.5) (3.6)  
Unrecognized prior service cost (credit) $ (0.2) $ (0.2)  
[1] Pension and post-retirement benefit obligations of $257.2 million as of December 31, 2018, decreased from $275.5 million as of December 31, 2017, primarily due to cash contributions and favorable foreign currency translation.